Savings Illustration for reference:
Illustration for Cashback earning
| Shop on | Spends/year | Earn | Cashback/Savings |
| noon, NowNow, SIVVI | AED 40,000 | 2% | AED 800* |
| AED 250 Joining bonus** | - | - | AED 250 |
| 10% additional cashback on noon, NowNow, SIVVI, capped to AED 250*** | AED 250 | ||
| 0.10% unlimited cashback Anywhere else | AED 60,000 | 0.10% | AED 60* |
| 1,360 |
*Credited as noon credits
**AED 250 joining bonus: AED 250 is deposited in the Mashreq noon Savings Account within 60 days of the first AED 3,000 or greater Deposit, undertaken by the customer within 30 days of the account opening. The offer is applicable from 1st Oct – 31st Dec, 2023
***10% additional cashback on noon, NowNow, SIVVI capped to AED 250 – Credited as noon credits. The offer is applicable from 1st Oct – 31st Dec, 2023
Illustration for interest savings
[1] [2] [3]
AED 100,000*1.10%*30/360 = AED 91.67
[1]Average balance for the month
[2]Applicable annual interest rate
[3]Annual rate converted into monthly pay out
[4] Total interest for the month credited at the end of the month
Expected interest savings for the year = AED 1100
Please note: The interest calculation is for illustrative purposes only. The actual interest amount will depend upon the number of calendar days in a month